The crypto markets are unlikely to see an altcoin season where “everything will go up,” as many traders are now focused on narrower trends or are just focusing solely on Bitcoin, according to Bitget operating chief Vugar Usi Zade. “I don’t think there will be an altseason,” Usi Zade told Cointelegraph at the Token2049 conference…
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The US Securities and Exchange Commission has temporarily halted trading of crypto treasury company QMMM Holdings due to potential stock manipulation, coming just a week after reports surfaced of a regulatory probe into certain crypto treasury firms. “The Commission temporarily suspended trading in the securities of QMMM because of potential manipulation,” the agency said in…
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The US Securities and Exchange Commission has signalled that it won’t take enforcement action against tokens tied to blockchain-based Decentralized Physical Infrastructure Networks (DePIN). In a no-action letter on Monday, SEC Division of Corporation Finance chief counsel Michael Seaman said he “will not recommend enforcement action” to the SEC for the planned token launch of…
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A Bitcoin analyst has argued that Bitcoin is still in a bull market as it briefly recovered to over $112,000 on Monday after a week of major volatility. Bitcoin (BTC) has struggled to gain over the past week as analysts said investors were showing signs of exhaustion, with its sudden drop last week resulting in…
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Australia is aiming to tighten regulations around crypto service providers, with draft legislation that would extend finance sector laws to crypto exchanges. Assistant Treasurer Daniel Mulino told a crypto conference on Thursday that the legislation is “the cornerstone of our digital asset roadmap,” which the Albanese Government released in March. “This is a preliminary version…
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JPMorgan CEO Jamie Dimon said the US Federal Reserve will have a hard time cutting the interest rate unless inflation drops, and isn’t worried about stablecoins posing a threat to the banking sector. “If inflation does not go away, it’s going to be hard for the Fed to cut more,” Dimon, the head of the…
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Crypto stocks saw mixed day of trading in the US on Monday as investors winced over crypto treasury firms’ latest buying, but still took well to new crypto pivots and acquisitions. Stocks tied to the crypto sector fell in early trading on the US and Canadian markets on Monday as the price of Bitcoin (BTC)…
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Users and supporters of the crypto platform TradeOgre have slammed the Royal Canadian Mounted Police’s seizure of the website and its crypto, accusing the agency of taking funds from innocent users because of the actions of a few. The RCMP said on Thursday that it carried out “the largest cryptocurrency seizure in Canadian history,” taking…
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Memecoiners plonked a giant golden statue of President Donald Trump holding a Bitcoin outside the US Capitol as part of a Pump.fun livestream stunt on Wednesday, as an ode to the crypto-supporting president. The statue was placed just opposite Union Square in Washington, DC, on the National Mall that leads up to Capitol Hill, which…
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Shares in the healthcare-turned-Bitcoin holdings company KindlyMD Inc. halved on Monday as its CEO warned of an upcoming increase in “share price volatility” and encouraged short-term traders to sell if they’re only looking to profit. “We expect share price volatility may increase for a period of time,” David Bailey said in a shareholder letter on…
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